Category Archive: Cryptocurrency, No picture
Thai SEC approves its first Bitcoin ETF with limited access to institutional investors
The Securities and Exchange Commission (SEC) of Thailand has endorsed One Asset Management (ONEAM) as the first firm to launch a spot Bitcoin exchange-traded fund (ETF) in the country.The fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), is scheduled for distribution between May 31 and June 6, with […]
Bitcoin ready to revert a two-week downtrend: but there’s a catch
Bitcoin (BTC) spiked past $70,000 today and broke its two-week downtrend. Trader Rekt Capital highlights, however, that this already happened recently, and a daily close above the resistance must occur to confirm this breakout. #BTC Bitcoin broke its two-week downtrend today However, we have seen upside wicks beyond this downtrend before Which is why a […]
Bitcoin long-term holders resume accumulation for the first time since December: Bitfinex
Bitcoin (BTC) long-term holders have resumed accumulating, signaling a shift in market dynamics, according to the latest “Bitfinex Alpha” report. Bitfinex’s analysts indicate that the selling pressure from these investors has subsided, with a noticeable uptick in buying activity. Image: Bitfinex/CryptoQuantThis change comes after Bitcoin reached a new all-time high of $73,666 in March, followed […]
JOJO Exchange debuts zk-proofs to enhance on-chain derivatives
Decentralized exchange for perpetuals trading (perp DEX) JOJO implemented zero-knowledge proof (zk-proofs) technology for funding rates in their platform to keep perpetual contracts aligned with the spot market prices. According to Jotaro Kujo, JOJO’s co-founder, this is a fundamental development for on-chain derivatives trading.JOJO tapped into Brevis zk-proofs technology, which is a coprocessor able to […]
Solana secures ‘big three’ status with PYUSD expansion, say industry experts
Last week, PayPal announced the expansion of its stablecoin PYSUD to Solana, marking the first move beyond the Ethereum blockchain. Industry players shared with Crypto Briefing that this movement solidifies Solana as one of the ‘big three’ blockchains, highlighting that the blockchain and institutions make sense.Ran Goldi, VP of Payments at Fireblocks, points out that […]
Ethereum options traders turn bullish following ETF approval, says Nansen analyst
The approval of spot Ethereum (ETH) exchange-traded funds (ETF) in the US on May 23 made ETH options traders more bullish, according to Aurelie Barthere, Principal Research Analyst at Nansen. Despite failing to spark a significant spot market upside, the implied volatility of call and put options on ETH has decreased slightly since the approval.Year-to-date […]
Crypto funds inflows surpass $15 billion and set new record
Crypto funds registered $185 million in inflows last week, amounting to $2 billion in May, and $15 billion in 2024. According to asset management firm CoinShares, trading volumes experienced a dip despite the positive influx, descending to $8 billion compared to $13 billion the previous week.Bitcoin continued to attract investor confidence with inflows of $148 […]
Linea faces criticism over block production halt
Ethereum layer-2 blockchain Linea has come under scrutiny from the crypto community following its decision to unilaterally stop block production in response to a hack on Velocore, a decentralized exchange (DEX) operating on its network. The move has ignited a discussion about the importance of decentralization and censorship resistance in the blockchain industry.The Velocore hack […]
OKX expands exchange and wallet services to the Netherlands
OKX has officially launched its centralized exchange (CEX) and Web3 wallet in the Netherlands, offering Dutch customers access to a wide range of crypto services.The OKX CEX enables Dutch users to trade approximately 150 cryptocurrencies, with at least 60 trading pairs available in euros. To facilitate seamless euro deposits and withdrawals, OKX has integrated with […]
Frax Finance CEO suspects inside job at X in socials hack
Frax Finance, a crypto lending platform, had its X account hacked on June 1, prompting CEO Sam Kazemian to appeal to his followers for assistance in contacting X customer service. The hack has raised concerns about the security of social media accounts and the potential involvement of insiders in such breaches.According to Kazemian, the passwords […]
